Counter Offers
KIMDOM CAPITAL understands that there are many personal and professional factors at play when accepting or turning down offers. The most popular is the counter offer. The top 2 most common forms of counter offer are the “financial raise” counter and the “emotional plea” counter from the current employer at the resignation stage.
Below are 10 decisive reasons why accepting a counter offer is not a good idea.
Top 10 Reasons Not to Accept a Counter Offer
- After resigning, you have made your employer aware that you were looking and unhappy. Your loyalty will now be in question.
- When promotion/raise time comes around, your employer will remember who is loyal and who is not.
- When making difficult decisions about cut-backs, the company may begin with those that are deemed less loyal.
- Accepting a Counter Offer is an insult to your intelligence and a blow to your personal pride, to simply be bought at the last minute.
- Where was the extra money for a counter offer at during your last performance review? Most companies have strict wage/salary guidelines and may be simply giving your next raise early or buying time to hire someone in your place.
- The same circumstances that now cause you to consider making a change almost always reoccur within the next 6-12 months.
- Statistics show that if you accept a counter offer, the probability of voluntarily leaving in 6 months or being let go within 1 year are extremely high.
- Once the word gets out, the relationship you now enjoy with co-workers will never be the same. You lose personal satisfaction of the peer group acceptance.
- What type of company do you want to work for if you have to threaten to resign before they give you what you are worth?
- Accepting counter offers after already accepting another position burns bridges with other companies, your recruiter, and ultimately shows all 3 parties that you can be bought.
